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In Length of Time to Settlement in Securities Class Actions, the Pandemic’s Fingerprint Lingers

By 4 Mins Read



Expert Perspectives on Biggest Court Cases

















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https://www.law.com/litigationdaily/2024/03/06/in-length-of-time-to-settlement-in-securities-class-actions-the-pandemics-fingerprint-lingers/

Credit: Rob Goebel/Shutterstock

RESEARCH

Among last year’s settlements, the median time from when a case was filed to a settlement hearing date was 3.7 years, the second-highest for any year in Cornerstone Research records going back to 1996.

March 06, 2024 at 07:30 AM

3 minute read

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Back at the onset of the pandemic, there was lots of speculation about how court closures would affect settlement dynamics.

Would plaintiffs be cash-strapped and willing to cut deals?

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